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MIC publishes list of restricted investment businesses

The Myanmar Investment Commission published the new list of restricted investment businesses on Monday, in line with sections 42 and 100 of the Law of Myanmar Investment Commission.

Restricted businesses include investments which can be run only by the state, investments which can’t be run by the foreign investors, investments which are allowed to be run jointly by locals and foreigners, and those which can be run only with the permission of the respective ministry.

Investments which can be run only by the state include manufacturing of military and defence materials, weapons manufacturing and services, stamp manufacturing, post boxes, aviation, navigation, reduction of carbon production and related businesses, natural forests management, radioactive substances including uranium manufacturing and research, and electricity management.

Investments which cannot be run by foreign investors include press and publications which are published in Myanmar or ethnic languages and jade, gem excavation and manufacturing and tourism.

Investments which are allowed to be run jointly by locals and foreigners include marine research, drinking water, housing and rentals.